Property and Equipment

9 Months Ended

Jun. 30, 2013

7. Property and Equipment

	June 30, 2013
			Accumulated		Net Book
	Cost		Depreciation		Value

Computer equipment	$	31,084	$	30,421	$	663
Office furniture and equipment		33,199		24,421		8,777
Software		5,826		5,826		–
Leasehold improvements		4,936		4,435		501
Portable work camp		170,580		132,037		38,543
Vehicles		38,077		29,474		8,603
Oilfield equipment		249,045		100,567		148,478
Road mats		364,614		282,229		82,385
Wellhead		3,254		1,519		1,735
Tanks		96,085		34,532		61,553
	$	996,700	$	645,461	$	351,238

	September 30, 2012
			Accumulated		Net Book
	Cost		Depreciation		Value

Computer equipment	$	31,084	$	29,312	$	1,772
Office furniture and equipment		33,199		21,152		12,046
Software		5,826		5,826		–
Leasehold improvements		4,936		3,934		1,002
Portable work camp		170,580		120,847		49,733
Vehicles		38,077		26,976		11,101
Oilfield equipment		154,713		82,689		72,024
Road mats		364,614		258,311		106,303
Wellhead		3,254		1,119		2,135
Tanks		96,085		29,541		66,544
	$	902,368	$	579,707	$	322,660

There was $65,753 of depreciation expense for the period ended June 30, 2013 (June 30, 2012 - $78,089)

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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